Average grace period on new external debt commitments (years)
Definition: Grace period is the period from the date of signature of the loan or the issue of the financial instrument to the first repayment of principal. To obtain the average, the grace periods for all public and publicly guaranteed loans have been weighted by the amounts of the loans. Public debt is an external obligation of a public debtor, including the national government, a political subdivision (or an agency of either), and autonomous public bodies. Publicly guaranteed debt is an external obligation of a private debtor that is guaranteed for repayment by a public entity.
Description: The map below shows how Average grace period on new external debt commitments (years) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Peru, with a value of 20.82. The country with the lowest value in the world is Dem. Rep. Congo, with a value of 0.00.
Source: World Bank, Global Development Finance.